Citi Downgrades Endeavor Group Holdings Inc (EDR) to Neutral

Citi analyst Jason Bazinet downgraded Endeavor Group Holdings Inc (NYSE: EDR) from Buy to Neutral with a price target of $27.50 (from $29.00).

The analyst comments "On April 2, Endeavor entered into an agreement to be acquired by Silver Lake et al at $27.50 per share. We see few risks to the deal completing, nor do we expect a higher offer will be made for the firm. As such, we lower our price target from $29.00 to $27.50 and downgrading our rating from Buy to Neutral."

For an analyst ratings summary and ratings history on Endeavor Group Holdings Inc click here. For more ratings news on Endeavor Group Holdings Inc click here.

Shares of Endeavor Group Holdings Inc closed at $26.41 yesterday.

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